Pound Rises on Fed Rate Cut Expectations and Geopolitical Tensions, Briefly Hits 1.3500 Against the Dollar
Thanks to signals from the Federal Reserve hinting at possible rate cuts and escalating tensions in the Middle East, the British pound has seen a strong rebound in recent days, briefly touching 1.3500 against the US dollar. Growing expectations of a weakening dollar have fueled renewed strength in the pound. Technical indicators suggest there’s still room for upward movement, but ongoing geopolitical risks mean investors should tread carefully.


